Changes to currency regulation rules for individuals

Dzhangar DzhalchinovNikolai RoudomanovAlexander Zubach Posted on  ​Dec 5th, 2019 By , and
Categories: Currency control, Private Wealth

On 2 December 2019, the President of the Russian Federation signed Federal Law No. 398-FZ (“Law No.398-FZ”) which made the latest significant amendments to the Federal Law on Currency Regulation and Currency Control (the “Currency Regulation Law”). The amendments, that were adopted, will affect individuals who are currency residents of Russia (“Residents”) and have accounts at foreign banks.

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Changes to currency regulation rules for individuals

Dzhangar DzhalchinovNikolai Roudomanov Posted on  ​Aug 30th, 2019 By and
Categories: Currency control, Private Wealth

On August 2, 2019, the President of the Russian Federation signed Federal Law No. 265-FZ (the “Law”) amending the Federal Law on Currency Regulation and Currency Control (the “Currency Regulation Law”).

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Russian VAT on e-services: Breaking news

Dzhangar DzhalchinovValentin LarinAnton Novak Posted on  ​Apr 26th, 2019 By , and
Categories: Domestic tax advice

As you know, under the Russian Federal Law No. 335-ФЗ of 27.11.2017 all foreign e-services providers must register with the Russian tax authorities and pay Russian VAT themselves. This has given rise to many questions and technical difficulties. On 24April 2019 the Russian Federal Tax Service (“FTS”) issued the long-awaited guidance letter No. СД-4-3/7937@, where they attempted to adequately address these issues. The major conclusions discussed in the letter can be summarized as follows:

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Dentons’ Tax practice recognized as best in Russia by Chambers Europe

Dzhangar Dzhalchinov Posted on  ​Mar 12th, 2019 By
Categories: Rankings and awards

Dentons’ Tax practice has been ranked Band 1 in Tax in Russia by Chambers Europe 2019, once again joining the leaders in this annual international ranking.

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Development of the practice of administrative sanctions for not submitting statistics forms to a customs authority when moving goods between EAEU countries

Dzhangar DzhalchinovGalina DontsovaKristina Baleva Posted on  ​Mar 11th, 2019 By , and
Categories: Customs

The version of the Russian Federation Administrative Offenses Code in effect since early 2017 says that there are administrative sanctions for not submitting the statistics form tracking the movement of goods to a customs authority, or for late submission.

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Dzhangar Dzhalchinov becomes exclusive winner of 2019 Client Choice Corporate Tax award for Russia

Dzhangar Dzhalchinov Posted on  ​Feb 18th, 2019 By
Categories: Rankings and awards

Partner and head of Russian Tax and Customs practice Dentons Dzhangar Dzhalchinov has become an exclusive winner of the 2019 Client Choice Corporate Tax award for Russia for the second time.

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CFC declaration campaign 2019

Dzhangar DzhalchinovBoris BrukNikolai RoudomanovNadezhda Danilenko Posted on  ​Feb 11th, 2019 By , , and
Categories: International tax advice

Dentons tax experts would like to remind you that 20 March 2019 is the deadline for filing notifications of controlled foreign companies (“CFC”) with the Russian tax authorities. Controlling persons must file CFC notifications in respect of corporate and non-corporate CFC (trusts, funds, partnerships). In 2019, controlling persons must declare CFC profits or losses that were recognized by Russian taxpayers in 2018.

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